# SBS Wealth Australasian Equity Portfolio

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** SBS Wealth (FundRock NZ Limited), parent SBS Bank
- **Asset class:** Australasian Equities
- **Risk profile:** growth
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The SBS Wealth Australasian Equity Portfolio is a australasian equities managed fund run by SBS Wealth. SBS Bank-branded retail managed-fund range issued by FundRock NZ; multi-asset strategies plus Australasian / world equity and bond portfolios.

## Fund data

- **Annual fund charge:** 1.20% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 1.12% p.a.
- **Risk indicator:** 4/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$30 million
- **Asset mix:** 98% growth assets · 2% income assets
- **Fund started:** 17 November 2004
- **Minimum initial investment:** NZ$500

## Top 10 holdings

1. Dimensional Australian Sustainability PIE Fund — 18.15%
2. Fisher & Paykel Healthcare Ltd — 9.06%
3. Contact Energy Ltd — 6.55%
4. Meridian Energy Limited — 6.23%
5. Infratil Ltd — 6.17%
6. Auckland International Airport Ltd — 4.98%
7. Ebos Group Ltd — 4.25%
8. Mercury NZ Limited — 3.79%
9. Spark New Zealand Ltd — 3.77%
10. Chorus Ltd — 3.44%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: SBS Wealth directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=SBS%20Wealth%20Australasian%20Equity%20Portfolio
- **Product Disclosure Statement:** /disclose-document/mdo1ed6fe66c5c53283ffa3ac286f4ef6a2/SBS-Wealth-Investment-Funds-Product-Disclosure-Statement-112025.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH11160/OFR11164/FND2935/
- **Manager website:** https://sbsbank.co.nz/sbs-wealth

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

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- **Markdown (this file):** https://managedfunds.nz/funds/sbs-wealth/australasian-equity-portfolio/markdown.md
- **Structured data (JSON):** https://managedfunds.nz/funds/sbs-wealth/australasian-equity-portfolio/data.json
- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
- **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt

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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.